Roger Dale Ray, Raleigh, North Carolina, has been ordered to pay $3 million in forfeiture as a result of his role in a mortgage fraud scheme.

As previously reported on Mortgage Fraud Blog, Roger Dale Ray aka Peanut was named as a defendant in a superseding indictment filed in the United States District Court for the Eastern District of North Carolina. The charges against Ray include conspiracy to distribute a controlled substance; money laundering - continuing criminal enterprise; conspiracy to launder monetary instruments; money laundering; and, false statements. Ray was initially indicted on January 18, 2006; however, the indictment was sealed.

According to the indictment, on specified dates between January 24, 2003 and April 5, 2006, Ray allegedly made false statements to several lenders, including SouthTrust Mortgage Corporation, Central Carolina Bank, State Employee’s Credit Union, RBC Centura Bank and Wachovia Bank, by submitting false federal tax filings in support of loan applications. The drug charges allege that Ray conspired to distribute and possess with intent to distribute, more than five kilograms of cocaine and more than fifty grams of cocaine base (crack.) Mortgage Fraud Blog has been informed that the involved parties committed mortgage fraud in order to obtain investment properties and that further charges are expected. Ray was also reportedly a “real estate investor” and the owner of R&S Properties, Inc., CFI Mortgage, and Amstar Mortgage. Public records also indicate a relationship with Chase Holding Company, LLC; Evolution VII, LLC; LocalMotion R&S Properties Incorporated; Ray’s Development, LLC; RogDRick LLC, Smithfield Road, LLC and Woodpecker LLC.

The properties sought to be forfeited include:

2909 Oak Bridge Road, Raleigh, North Carolina;

4200 Ruby Drive, Raleigh, North Carolina;

9716 Fairchild Road, Zebulon, North Carolina;

9720 Fairchild Road, Zebulon, North Carolina;

4525 Auburn Church Road, Garner, North Carolina;

4513 Auburn Church Road, Garner, North Carolina;

2816 Quince Drive, Raleigh, North Carolina;

608 Wexford Drive, Raleigh, North Carolina;

1315 E. Lenoir Street, Raleigh, North Carolina;

907 E. Hargett Street, Raleigh, North Carolina;

9725 Fairchild Road, Zebulon, North Carolina;

234 W. Barbee Street, Zebulon, North Carolina;

217 S. Pettigrew Street, Raleigh, North Carolina;

2400 Sunny Lane, Raleigh, North Carolina;

7117 Brodie Alston Lane, Wendell, North Carolina;

7121 Brodie Alston Lane, Wendell, North Carolina;

1704 Pender Street, Raleigh, North Carolina;

3101 Rosinburg Road, Zebulon, North Carolina;

715 Sheperd School Road, Zebulon, North Carolina;

709 Carlisle Street, Raleigh, North Carolina;

102 First Avenue, Knightdale, North Carolina;

101 S. Smithfield, Knightdale, North Carolina;

7101 Missionary Ridge Drive, Raleigh, North Carolina;

316 N. Allen Road, Wake Forest, North Carolina;

3117 Woodpecker Court, Raleigh, North Carolina;

206 W. Barbee Street, Zebulon, North Carolina;

214 W. Barbee Street, Zebulon, North Carolina;

9712 Fairchild Road, Zebulon, North Carolina;

100 W. Barbee Street, Zebulon, North Carolina;

2015 Village Park Drive, Knightdale, North Carolina;

0 S. First Avenue, Knightdale, North Carolina;

0 Bethlehem Road, Knightdale, North Carolina;

1019 Windward Hill Court, Middlesex, North Carolina; and

100 Oakdale Avenue, Clayton, North Carolina.